More rioting abroad, this time over ending gas subsidies

[Perlier]

Originally Posted by Visvaldis

Not only that, but we know that the people who runs the markets have hearts of gold and thoughts as pure as the driven snow.

Indeed.

[Kibby]

Greece, Italy, London, Bolivia ...... riots are happening when the bennies are removed. Same thing will happen here.

[andrea3821]

Originally Posted by Kibby

Greece, Italy, London, Bolivia ...... riots are happening when the bennies are removed. Same thing will happen here.

Yes. It needs to be done, though. This is why gov't should never be that big to begin with.

[Visvaldis]

What is the benefit for the people if a government does not regulate business?

[TigerLily24]

Originally Posted by andrea3821

Did you even read the quoted text in the OP? They are going to prop up the prices of gas now to account for gov't salaries and stuff for food crops, if I recall. How does this make any sense? They go from subsidizing gas prices and keeping them low to jacking them up to make a profit so they can subsidize other industries.

Again, I am generalizing the trend of gov't intervention in the free market to this country, the article itself just serves as a reference point in how gov't intervention leads to problems. Jeeze.

See my above post on how our economy sucks in part due to gov't butting into the free market.

Timely essay on this very topic:


Get the Energy Sector off the Dole - Jeffrey Leonard

[HappyTexan]

Originally Posted by Kibby

Greece, Italy, London, Bolivia ...... riots are happening when the bennies are removed. Same thing will happen here.

And that is why we are getting deeper and deeper into debt.
We're going to spend our way out of debt rather than go through austerity measures.

We're the only country left doing this; the UK decided to go the austerity route last year.

Big cities will get ugly real quick once the checks stop rolling in.

[GregW]

Sounds like the WTO and IMF are throwing their weight around again. The IMF and WTO seem to think they know how to run your economy than you do. So long as they get their interest and principal payments they can go to hell. They did the same to Ecuador over electricity prices until a new government to them to go away.

I am not surprised when "austerity" programs are only applied to the poor and working classes but never to the gamblers on the top. After all what good is wealth if it does not buy you and your wealth protection.

[HappyTexan]

Originally Posted by GregW

Sounds like the WTO and IMF are throwing their weight around again. The IMF and WTO seem to think they know how to run your economy than you do. So long as they get their interest and principal payments they can go to hell. They did the same to Ecuador over electricity prices until a new government to them to go away.

I am not surprised when "austerity" programs are only applied to the poor and working classes but never to the gamblers on the top. After all what good is wealth if it does not buy you and your wealth protection.

Once they give you money the IMF owns you.
No country with IMF loans has ever improved themselves.